Could the worst be over when it comes to the big spring run up in the price at the gas pump?
“Really, not much movement that we’ve seen… finally–after the huge increase in prices we saw in March” said Gasbuddy dot-com’s Will Speer, pointing to the one-cent per gallon increase in the San Antonio average over the last week.
“A lot of producers have already done that switchover (to summer blend fuel)–so, a lot of that pricing that goes in to that has already been accounted for” Speer told KTSA News.
He also said we’re continuing to benefit from what has been a mild refinery maintenance season.
“Some maintenance that we did have, people are starting to get out of it” Speer said, adding “Refineries are coming back… but demand is still pretty high” Speer said.
He also pointed to what looks to be the stabilizing price for crude oil over the last week or so–but is quick to say there is one wild card in all of this.
“We’re still keeping an eye on what OPEC and some of these oil producers are thinking about” Speer sa